Q.3iii A building in Sohar was constructed in a freehold plot of land with an area of 1200 m Calculate the net rent and gross rent per month of the property by considering the suitable prevailing rate of retum of construction and land. [2] Item description: Cost of construction: Prevailing rate of land Sinking fund expenditure Other outgoings = OMR 300,000 =OMR 30/m = OMR 25 /m2 1/5th of gross rent